International accounting

Steinhoff International Holdings NV lost a case against a former business partner related to how it reported financials for 2016, the first major legal setback for the global retailer as it battles an accounting scandal.

India’s tycoon Singh brothers took at least 5 billion rupees ($78 million) out of the publicly traded hospital company they control without board approval about a year ago, people with knowledge of the matter said.

What is IFRS 16, how will it affect your business and what do you need to do to ensure your leasing arrangements remain compliant?

The fraud trial of three former Tesco Plc executives was halted when one of them, ex-U.K. Chief Financial Officer Carl Rogberg, had a heart attack days before the jury was due to begin deliberations.

The International Public Sector Accounting Standards Board has proposed a new strategy and work plan for 2019 through 2023.

International Federation of Accountants CEO Fayezul Choudhury, and IFAC CFO and executive director for external relations Russell Guthrie, talk about how international financial regulators are mulling changes in how global auditing standards are set.

Nexia International, a network of accounting and consulting firms, reported total fee income of $3.62 billion for 2017, a 13 percent increase over the results across its network for 2016.

The U.K. Financial Reporting Council opened a probe into KPMG LLP’s audits of Carillion Plc, after the builder collapsed under a mountain of debt earlier this month.

PricewaterhouseCoopers’ firm in India is appealing a two-year ban on auditing public companies by the Securities Exchange Board of India.

Baker Tilly International reported Monday worldwide revenue grew 6.4 percent across its global network of accounting firms, reaching $3.4 billion by the end of last year.